Skip to content
Subscriber Only

Macquarie Group Profit Jumps 49% as Trading Revenue Climbs

Macquarie Group Ltd., Australia’s biggest investment bank, reported its biggest full-year profit since 2008 as trading and fund-management revenue increased. Its shares rose to a six-year high.

Net income for the year ended March 31 rose 49 percent to A$1.27 billion ($1.17 billion), the Sydney-based firm said in a statement today. That beat the gain of as much as 45 percent the firm forecast on March 24 and compared with profit of A$851 million a year earlier.